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Business Importance of Inventory Accounting

Well also offer an explanation of simplified LIFO, which is fast outpacing FIFO as the inventory accounting method of choice. What...

Cost Accounting and its Historic Uses

use historic cost methods, he or she would value business (b) based on the price business (a) paid for the acquisition, rather tha...

Deceptive Reporting and Methodologies for Financial Accounting

is precisely what Enron did (Thomas, 2002). Because of this, Enron, before everything collapsed, boosted valuation estimates, with...

Marginal Costing and Total Costing Uses

ability to include overhead and indirect costs, and the ability to make allowances for past and future outlays. In many ways we ma...

'Conservative' Accounting Approach of Microsoft

to accounting, much of which is exemplified in the use of the cookie jar. Microsofts Approach Microsoft has taken pride in ...

Accounting Practice and the Use of Mathematics

can do on silicon. But that is not math. That is accounting. Real math is not crunching numbers but contemplating them and the mys...

Benefits of Process Based Accounting

process based accounting system at its plant in Plymouth, Minnesota (Pare, 1993). In order to implement this system, during the in...

Historical Cost Concept

valuation that are excessive where prices may have dropped. This is why revaluation is becoming more appropriate when seeking to g...

Pericles' Funeral Oration as Reported by Thucydides

way of life is unique when compared to that of our neighbors. Only in Athens can a citizen, no matter what class or social distinc...

Accounting and White Collar Employment in 'Down and Out in White Collar America' by Nelson Schwartz

This has been especially true in accounting. Twenty years ago, the profession of accounting mainly focused on spreadsheets and the...

Accounting and Gross Domestic Product

balance sheets, cash flow statements and other accounting-specific functions. This even tends to be the case even when the account...

Elizabeth Ashbridge and a Letter From Her Husband

I know that my treatment of you was unforgivable and added to your other burdens of sorrow: although a man has the right to discip...

Cecelski's Along Freedom Road

those societal institutions, such as schools and churches, which had grown out of the post-slavery era and reflected black cultura...

Cost Distribution and Production Costs

the determination of the overheads in advance of the period we are budgeting for. Once we have the actual rates needs then we will...

Cycles in Accounting

The second step is to post the transactions to the General Ledger (Mount San Jacinto College, 2003). The General Ledger is a compa...

Fictitious Trebor Company's Accounting Approaches

invested equity is larger than the required equity rate of return (Johnson, 2002-2003). The DCF method is used when prospective di...

The Peloponnesian War as Described by Thucydides

At the beginning of this extended speech, the representative from Corcyra prefaces his narrative of events with an appeal that is ...

Decisions on Capital Budgeting

x = 15.53% 1(b). Retained Earnings Break Point Equity = 60% = 0.6...

Gross Domestic Product Economic Indicator Importance

make business decisions and prepare for future trends. In looking at the GDP it is important to realize that a true historical ...

Paperwork Involved in Business Startup

corporation is the regular one must file a variety of tax forms including Form 1120 or 1120-A: Corporation Income Tax Return, empl...

Improper Accounting Practices

derivative, why its typically used and how its typically used. Following that, we can go in depth into both Enron and Worldcom, an...

Global Accounting Standards and the Implications of Adopting Them for Australia

There are many examples of how this may occur. The elimination of the ability of companies to include the majority internally crea...

Manufacturing Variance Accounting

supplier raised prices. Another is that the supplier simply overcharged by mistake, but Miracles internal actions could contribut...

Problems of Accounting and Finance

substantial portion of the target companys business" (Trelease, Meehan and Storum, 2002; p. 23). The case does not state what por...

Management Case Study Analysis

a student will be able to effectively write his or her own paper. a. Introduction. Carl Robins is faced with a problem that many...

Ethics and Financial Reporting

organizations that oversee accounting and its reporting are the Securities and Exchange Commission (SEC), the Financial Accounting...

Benefits of Microsoft Excel

that number-crunchers have come to rely on" (p.29). The one main advantage of Excel, according to many experts (not to men...

Case Study on Accounts, Project Costs, and Decision Making

required Cost per unit Cost Type P 25,000 6.50 162,500 Type P 20,000 10.75 215,000 Type Q 40,000 14.25 570,000 Type R 30,000 4.00 ...

Premier Products and Cost Accounting

of how many products that Premier does or does not produce. That portion of fixed costs that Product A formerly carried is now sp...

Silent and Shadow Accounts and Tesco

still an internal publication and may suffer from the same bias. It shadow accounts have the potential of addressing the asymmetry...